Josh will share his expertise on the topic, and teach Maryland Resource Parents how to use tax credits, how to set them up, and how to make the most of them.
Participants will learn the steps they need to take to file for the U.S. federal adoption tax credit. The focus will be on filing for 2020, but will also cover applying for the credit for adoptions as far back as 2017. Presenter Josh Kroll will explain what parents need to do to take advantage of the credit. Key points include that the credit is not a refundable credit for 2020 and that parents who adopt children who receive adoption assistance/adoption subsidy benefits do not need to have adoption-related expenses to claim the credit. The session will focus on families who adopted children with special needs from foster care but will be applicable to all adoptive families as well.